K+S gains on BHP potash project delay

K+S AG

18/07/2025 09:29

** Shares in German potash and salt miner K+S SDFGn.DE rise 3% with an analyst and a trader pointing to world's largest listed miner BHP Group BHP.AX flagging a delay at its key Jansen potash project in Canada

** BHP postponed first production to mid-2027 from the end-2026 target, and is also weighing extending its first output target for the second stage by two years to fiscal 2031, citing expected additional supply in the medium term

** "Delayed potash supply increases are positive for a tighter potash supply/demand and higher pricing," a trader says

** The news is a small positive for K+S, Florida-based Mosaic MOS.N and Nutrien NTR.TO, the trader adds

 (Reporting by Paolo Laudani and Samuel Indyk)

 ((Paolo.laudani@thomsonreuters.com))